The Restaurant Group (TRG), which has about 350 restaurants, has updated on its performance for the 52 weeks to 30 December 2012, with final results to be announced in early March.
Its ‘mid-priced eateries’ are doing well with families: turnover was 9% ahead of prior year and like-for-like sales were 4.5% ahead, with operating margins expected to be similar to 2011. Profits should therefore be on or ahead of the £64 million forecast by analysts.
28 restaurants were opened in 2012, and their trading is described as ‘excellent and they are set to deliver strong returns’. TRG expects to open between 28-35 new sites in 2013, with half of the new openings being Frankie & Benny’s, the company’s Italian-themed chain, with the remainder spread across its American-style brand Coast to Coast, Mexican-themed Chiquito, and pubs.
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